SOME iMP neWs

Financial Data
 GDP to grow 9.2%, touch Rs 28,44,000 crore in 2006-07
 Inflation at 6.7% on February 3 a matter of concern
 Govt's top priority: Growth without high inflation
 Risks: volatile oil prices, delays in WTO talks
 Risks: Global macroeconomic imbalances
 Priorities: Making growth inclusive
 Priorities: Fiscal prudence, high investment
 Priorities: Improving govt intervention in critical Areas such as education and health
 Priorities: Subsidies to be targeted
 Agriculture to grow 2.7%, share in GDP dips to 18.5%
 Industry to grow at 10%, share in GDP up to 26.4%
 Services to grow at 11.2%, share in GDP rises to 55.1%
 10th plan average GDP growth at 7.6% vs targeted 8%
 Average inflation in 52 weeks ending Feb 3 at 5%
 Food items, wheat, pulses, sugar driving inflation
 In industry, mining, gas and power issues of concern
 Current account deficit at $11.7 billion in H-1 of FY07
 Exports up 36.3% to $89.5 bn in April-Dec 2006-07
 Capital flows strong, FDI up 98.4% in Apr-Sept 2006-07
 FIIs sellers in H-1, but likely to be positive in H-2
 Core sector growth 8.3% vs 5.5% in Apr-Dec 2006-07
 Infrastructure to require $320 bn in 11th plan
 Public sector to fund 60 per cent of infrastructure
 Fiscal deficit budgeted at 2.8 pc in 2006-07
 Tax-GDP ratio rises to 11.2% FY07 vs 10.3% in FY06
 Personal income tax mop up rose 30.3% in Apr-Dec FY07
 Share of direct taxes in total revenues grows to 47.6%